Canaccord Genuity Initiates Coverage on Sun Life Financial (SLF)
Stock analysts at Canaccord Genuity initiated coverage on shares of Sun Life Financial (TSE:SLF) in a report issued on Monday. The firm set a “buy” rating and a C$40.00 price target on the stock. Canaccord Genuity’s price target points to a potential upside of 7.76% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Sun Life Financial from C$40.00 to C$41.00 in a research note on Thursday, May 8th. They now have an “equal weight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Sun Life Financial from C$37.00 to C$38.00 in a research note on Thursday, May 8th. They now have a “sector perform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Sun Life Financial from C$40.00 to C$41.00 in a research note on Wednesday, May 7th. They now have a “sector perform” rating on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$39.88.
Shares of Sun Life Financial (TSE:SLF) opened at 37.12 on Monday. Sun Life Financial has a 52 week low of $29.22 and a 52 week high of $40.15. The stock’s 50-day moving average is $36.99 and its 200-day moving average is $37.42. The company has a market cap of $22.665 billion and a P/E ratio of 27.16.
Sun Life Financial (TSE:SLF) last announced its earnings results on Thursday, May 8th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.06. On average, analysts predict that Sun Life Financial will post $2.92 earnings per share for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.36 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Monday, May 26th.
Sun Life Financial Inc (TSE:SLF) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.